Ask Jeeves to be sold for £970m
The internet investment firm headed by US media mogul Barry Diller is to buy web search engine Ask Jeeves for $1.85bn (£970m).
Ask Jeeves is the fifth most-queried search engine in the US and has a market value of $1.43bn, one tenth the size of Mr Diller's IAC/InterActive.
Mr Diller said Ask Jeeves "has the potential to become one of the great brands on the internet".
The deal reflects rising competition between rival internet search engines.
source/full story: news.bbc.co.uk/1/hi/business/4367197.stm
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